Singapore forms National Space Agency of Singapore (NSAS) to chase the $1.8 trillion space economy forecast for 2035

February 2, 2026
Singapore forms National Space Agency of Singapore (NSAS) to chase the $1.8 trillion space economy forecast for 2035

Singapore, Feb 2, 2026, 23:24 (SGT)

  • NSAS will launch on April 1 under Singapore’s trade ministry.
  • Agency tasked with developing and managing national space capabilities, as well as drafting space laws and regulations.
  • The government reports that Singapore is home to around 70 space companies and holds joint ownership of three Earth observation satellites.

Singapore plans to launch its own space agency on April 1, 2026, consolidating efforts around national space capabilities and new regulations for the sector. The Ministry of Trade and Industry said this step will enable the country to “fully harness the value and opportunities of the growing global space economy.” Tan See Leng made the announcement during the inaugural space summit. (Reuters)

Officials note that space-based systems already support digital connectivity, navigation, maritime monitoring, and climate resilience in this trade-reliant city-state. At the summit, Tan urged the agency to help Singapore “unlock the full potential of space technology applications for Singapore’s national and regional needs,” while safeguarding its assets amid a growing crowded space environment.

Investment in space technology worldwide is set to climb even higher after reaching a record high in 2025, data from Seraphim Space reveals. The ministry also highlighted Singapore’s edge in advanced manufacturing, aerospace, micro-electronics, precision engineering, and artificial intelligence as it seeks fresh growth sectors.

NSAS will take over and expand the Office for Space Technology & Industry, Singapore, previously part of the Economic Development Board, according to a government press release. The new agency’s scope includes operations and regulation, aiming to develop national space capabilities while crafting legislation described as “pro-innovation and pro-business,” all within safety and sustainability frameworks. (Gov)

Singapore co-owns three Earth observation satellites alongside ST Engineering. Tan mentioned a multi-agency operations centre will back government users by handling “satellite tasking and bespoke geospatial data analytics.” This setup aims to boost sectors like port operations, urban planning, environmental monitoring, and food security. (Channelnewsasia)

Earth observation satellites snap images and gather data about our planet, while “tasking” refers to the daily process of deciding where these satellites should focus. Tan mentioned that Singapore plans to expand its satellite “constellation”—a network of linked spacecraft—and enhance its space situational awareness, which involves tracking satellites, monitoring debris, and identifying potential collision threats.

The government appointed Ngiam Le Na as chief executive-designate starting Feb. 2, ahead of the agency’s launch in April. According to a press release, she will step down from her role as deputy chief executive at DSO National Laboratories. Ngiam has also held senior positions at the Defence Science and Technology Agency. She has managed Earth observation satellite programs and assisted the Civil Aviation Authority of Singapore with counter-drone efforts. Additionally, she sits on the board of the Public Utilities Board.

Since 2022, Singapore has allocated S$210 million via the Space Technology Development Programme, backing research institutes and companies to create and launch payloads and test space technologies, the ministry said. Tan noted that Singapore’s investments will cover satellite remote sensing for carbon monitoring, debris cleanup methods, and microgravity research focused on human health sciences.

The ministry noted that Singapore is home to roughly 70 space companies, employing some 2,000 professionals across areas like component design, manufacturing, and satellite services. It highlighted collaborations with organizations such as the European Space Agency, the Indian National Space Promotion and Authorization Centre (IN-SPACe), and the UAE Space Agency, aiming to strengthen connections within the equatorial belt.

The agency will be crafting rules amid a chaotic, congested orbit. Singapore aims for regulations that balance business friendliness with strict safety and sustainability standards, but the framework and upcoming space laws are still in the works alongside industry input.

Tan described space technologies as “the backbone of our interconnected world,” noting the global space economy hit US$630 billion in 2023 and is projected to reach US$1.8 trillion by 2035. He emphasized that Singapore’s space ambitions go beyond technology, aiming to transform innovation into “real solutions” that boost the economy and tackle global issues.

Technology News

  • Apple iPad A16 hits $300 at Amazon as new iPads roll out and rivals push pricing
    February 7, 2026, 8:24 PM EST. Apple's 11th-generation A16 iPad is on sale again, with Amazon cutting the 11-inch model by $50 to $300. The deal comes as Apple's 2025 line-up includes new Air and Minis, and rivals from Samsung and Kindle Scribe press pricing pressures. The A16 iPad remains competitive: an 11-inch Liquid Retina display, True Tone, and a capable camera setup (12MP front and rear) support FaceTime and video calls, along with Center Stage staying centered as you move. Power users can stretch value by pairing with an Apple Pencil (1st Gen or USB-C) and a Magic Keyboard Folio to convert the tablet into a light-weight notebook. In short, a budget-friendly option that still covers core tablet tasks.

Latest Articles

Anthropic’s $20B-plus funding round could close next week at $350B valuation, report says

Anthropic’s $20B-plus funding round could close next week at $350B valuation, report says

February 7, 2026
Anthropic is nearing a funding round that could raise over $20 billion, valuing the AI firm at about $350 billion, Bloomberg reported Friday. Amazon disclosed a $14.8 billion stake in Anthropic and valued its convertible notes at $45.8 billion in its latest SEC filing. Anthropic and OpenAI have not yet turned a profit. Reuters has not confirmed the Bloomberg report, and Anthropic declined to comment.
Intel and Vista jump into $350M+ SambaNova raise as AI chip fight widens

Intel and Vista jump into $350M+ SambaNova raise as AI chip fight widens

February 7, 2026
Vista Equity Partners is leading a Series E funding round of over $350 million for AI chip startup SambaNova, with Intel set to invest about $100 million, sources said. The round is oversubscribed and may reach $150 million from Intel. SambaNova sells inference chips for AI workloads. Final terms are still being negotiated.